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The Fed Decides Wednesday — Here's What It Means for Your Mortgage, the Loonie, and Your RRSP

  Monday, July 27, 2026 The U.S. Federal Reserve hands down its rate decision at 2 p.m. ET on July 29. For most Canadians it will feel like background noise. It isn't — here's the plain-language version of why it touches your mortgage, your cross-border spending, and whatever's sitting in your RRSP. The short version: Markets are pricing roughly a two-in-three chance the Fed holds its rate at 3.50%–3.75% on Wednesday. That's not the story. The story is that this is one of the least certain "sure thing" holds in years — and Chair Kevin Warsh's press conference at 2:30 p.m. ET could matter more than the decision itself. Why this meeting is different The Fed has held its benchmark rate steady at 3.50%–3.75% through every meeting so far in 2026. On paper, Wednesday should be more of the same. Under the hood, it's messier. Persistent inflation, running well above the Fed's 2% target for a fifth straight year, has kept a rate hike on the table. The oil-...
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Australia Decides: Voters Head to the Polls in Pivotal Election

Australians are casting their votes today in a national election that could shape the country’s future for years to come. Prime Minister Anthony Albanese’s Labor Party is facing off against the conservative opposition led by Peter Dutton, with key issues such as cost-of-living pressures, affordable housing, and energy policy dominating the campaign.

Polling stations opened early across the country, with voters lining up to make their voices heard. Both major parties have focused on economic concerns, but global uncertainty—particularly the influence of U.S. President Donald Trump’s policies—has played a significant role in shaping voter sentiment.

Albanese, seeking a second term, has emphasized his government’s achievements, including rising wages and declining inflation. Meanwhile, Dutton has promised to cut government spending and reduce immigration, positioning himself as a strong alternative to Labor’s leadership.

With opinion polls showing a tight race, the outcome remains uncertain. As ballots are counted, Australians await the results that will determine the nation’s direction in the coming years.

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